Project #84454 - Economics Math (Market efficiency,Failure, and Welfare)

If you can complete and message me the THREE SAMPLE QUESTIONS BELOW FIRST so that I can see how good you are, I will award my 1st project to you for $75. (There will be an opprtunity for you to get more similar projects and money from me) To make it easier for you, I could give you my login information to the website that my assignments are completed in. The website allows you 3 attempts per question. If you get a question wrong, you are given a detailed explanation of the correct way of working out the problem, then you are allowed 2 more attempts on that problem.

 

PROJECT ($75): 

10 Questions on market efficiency and welfare 

13 Question on analyzing axes and welfare

4 Questions on price drops

3 Questions on economic view of Christmas

7 Questions on public finance and choice

 

SAMPLE QUESTION 1

This problem takes you through the results of an experiment like yours, in which students are buying and selling used textbooks. In the first variation of the experiment, the buyers paid a tax of $4.

Here are the values for the willingness to pay for buyers and reservation price for sellers. 

   

Buyer Buyer Value   Seller Seller Cost

 
1 $16.00   1 $4.00
2 $15.50   2 $4.50
3 $15.00   3 $5.00
4 $14.00   4 $6.00
5 $13.50   5 $6.50
6 $13.00   6 $7.00
7 $12.50   7 $7.50
8 $12.00   8 $8.00
9 $11.00   9 $9.00
10 $10.50   10 $9.50
11 $10.00   11 $10.00
12 $9.50   12 $10.50

  1.1.   If the price is $10, how many buyers will be willing to buy? That is, how many buyers have a buyer value that is greater than or equal to the $14 cost of a textbook--$10 to the seller and $4 in tax? (As always, unless stated otherwise, we are following the convention that traders who are indifferent about trading at a price go ahead and trade, so someone with a buyer value equal to $14 will buy.)
 
 
Please enter a whole number, with no decimal point.

 

SAMPLE QUESTION 2

This problem takes you through the results of an experiment like yours, in which students are buying and selling used textbooks. In the first variation of the experiment, the buyers paid a tax of $4.

Here are the values for the willingness to pay for buyers and reservation price for sellers. 

   

Buyer Buyer Value   Seller Seller Cost

 
1 $16.00   1 $4.00
2 $15.50   2 $4.50
3 $15.00   3 $5.00
4 $14.00   4 $6.00
5 $13.50   5 $6.50
6 $13.00   6 $7.00
7 $12.50   7 $7.50
8 $12.00   8 $8.00
9 $11.00   9 $9.00
10 $10.50   10 $9.50
11 $10.00   11 $10.00
12 $9.50   12 $10.50

  1.2.   How many sellers will be willing to sell at a price of $10? That is, how many sellers have a seller cost that is less than or equal to $10?
 
 
Please enter a whole number, with no decimal point.

 

SAMPLE QUESTION 3

This problem takes you through the results of an experiment like yours, in which students are buying and selling used textbooks. In the first variation of the experiment, the buyers paid a tax of $4.

Here are the values for the willingness to pay for buyers and reservation price for sellers. 

   

Buyer Buyer Value   Seller Seller Cost

 
1 $16.00   1 $4.00
2 $15.50   2 $4.50
3 $15.00   3 $5.00
4 $14.00   4 $6.00
5 $13.50   5 $6.50
6 $13.00   6 $7.00
7 $12.50   7 $7.50
8 $12.00   8 $8.00
9 $11.00   9 $9.00
10 $10.50   10 $9.50
11 $10.00   11 $10.00
12 $9.50   12 $10.50

  1.3.   In the previous two questions, you learned that when buyers pay the $4 tax and the price is $10, there are more sellers than buyers. To clear this market, the equilibrium price will have to be:
 
 
 
 

Subject Mathematics
Due By (Pacific Time) 10/03/2015 09:00 pm
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